Automotive Composites Market by Fiber Type (Glass, Carbon, Natural), Resin Type (Thermoset, Thermoplastics), Manufacturing Process (Compression, Injection, RTM), Applications (Exterior, Interior), Vehicle Type, and Region - Global Forecast to 2022

  • ID: 4396137
  • Report
  • Region: Global
  • 149 Pages
  • Markets and Markets
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The Automotive Composites Market is Projected to Reach USD 13.14 Billion By 2022, at a CAGR of 12.26% from 2017 to 2022.

FEATURED COMPANIES

  • 3B Fiberglass Company
  • Formaplex
  • Hanwha Azdel
  • Magna International Inc.
  • Plasan Carbon Composites
  • Solvay S.A.
  • MORE

“The automotive composites market is projected to grow at a CAGR of 12.26% from 2017 to 2022.”

The key factor expected to drive the growth of the automotive composites market across the globe is the stringent implementation of various regulations such as the Corporate Average Fuel Efficiency (CAFE) standards and the European Emission Standards (EES) formulated by the U.S. and European governments, respectively to reduce the CO2 emissions. To comply with these government regulations, the manufacturers of vehicles are using new lightweight materials such as composites for fabricating vehicle bodies. The high investments associated with the manufacturing of composites are mainly restricting the growth of the automotive composites market across the globe.

“Based on resin type, the thermoset segment is projected to lead the automotive composites market during the forecast period in terms of value and volume.”

Thermoset composites are widely used in automotive applications for manufacturing monocoques, brake liners, suspensions, and propeller shafts, among others. Thermoset composites do not expand due to heat and are resistant to the effect of moisture, thereby making them suitable for highly corrosive and high-temperature applications such as heat shields, fuel vapor canister brackets, and radiator brackets, among others.

“Among fiber types, the carbon fiber segment of the automotive composites market is projected to grow at the highest CAGR during the forecast period in terms of value and volume.”

Automotive manufacturers are increasingly adopting high-performance carbon fibers to manufacture automotive components as carbon-fiber-reinforced plastics (CFRP) not only reduce the weight of vehicles but also result in their increased stiffness. Thus, the demand for CFRP is increasing among automotive manufacturers as they are used for manufacturing roofs, floor panels, side panels, hood frames, chassis, and bumpers of vehicles.

“The Asia-Pacific automotive composites market is projected to grow at the highest CAGR in terms of value and volume between 2017 and 2022.”

The Asia-Pacific automotive composites market is projected grow at the highest CAGR during the forecast period. The growth of the automotive composites market in Asia-Pacific region can be attributed to the increasing demand for electric vehicles in the region. The increased production of electric vehicles is an emerging trend in the automotive industry of the region as these vehicles have high potential to meet the strict government regulations regarding the reduction of CO2 emissions. In 2016, China had the largest electric car stock in the world with approximately 3 to 4 million low-speed electric vehicles.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:

  • By Company Type- Tier 1 - 10%, Tier 2 - 25%, and Tier 3 - 65%
  • By Designation- C Level - 10%, Director Level - 30%, and Others - 60%
  • By Region- Asia-Pacific - 40%, North America - 5%, Europe - 45%, Middle East & Africa - 5%, and Latin America - 5%

The report provides a comprehensive analysis of the profiles of the companies listed below:

  • Toray Industries, Inc. (Japan)
  • SGL Group (Germany)
  • Solvay S.A. (Belgium)
  • UFP Technologies, Inc. (U.S.)
  • Koninklijke Ten Cate B.V. (Netherlands)
  • Gurit (Switzerland)
  • Toho Tenax Co., Ltd. (Japan)
  • Mitsubishi Chemical Corporation (Japan)
  • Plasan Carbon Composites (U.S.)
  • Continental Structural Plastics Inc. (U.S.)

Research Coverage

This report covers the automotive composites market and forecasts the size of the market till 2022. The report includes the segmentation of the automotive composites market based on fiber type, resin type, application, manufacturing process, vehicle type, and region. The Porter’s five force analysis, along with drivers, restraints, challenges, and opportunities of the automotive composites market have been discussed in the report. The report also provides company profiles and competitive benchmarking adopted by the major players operating in the automotive composites market.

Benefits of Buying the Report

The report is expected to help market leaders/new entrants in the automotive composites market in the following ways:

  • This report segments the automotive composites market comprehensively and provides the closest approximations of revenues for the overall market and its subsegments across different verticals and regions.
  • The report helps stakeholders understand the pulse of the market and provides them information on key drivers, restraints, challenges, and opportunities of the automotive composites market.
  • This report is also expected to help the stakeholders understand their competitors and gain insights to improve their position in the automotive composites market. The competitive landscape section includes an ecosystem of competitors and detailed information on new product developments, expansions & investments, agreements, and mergers & acquisitions.
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FEATURED COMPANIES

  • 3B Fiberglass Company
  • Formaplex
  • Hanwha Azdel
  • Magna International Inc.
  • Plasan Carbon Composites
  • Solvay S.A.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.3.1 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Automotive Composites Market
4.2 Automotive Composites Market, By Application
4.3 Automotive Composites Market, By Fiber Type, And Region
4.4 Thermoset Automotive Composites Market, By Resin Type
4.5 Automotive Composites Market, By Manufacturing Process
4.6 Automotive Composites Market, By Country
 
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increase in the Demand for Lightweight And Fuel Efficient Vehicles
5.1.1.2 Increase in the Demand for Environmentally-Friendly Electric Vehicles
5.1.1.3 Increasing Use of Environmentally Natural Fiber Composites in Automotive Applications
5.1.2 Restraints
5.1.2.1 High Production Cost of Composites
5.1.2.2 Lack of Technological Advancements in the Emerging Economies
5.1.3 Opportunities
5.1.3.1 Stringent Government Regulations Compelling the Use of Lightweight Materials
5.1.4 Challenges
5.1.4.1 Recyclability of Composites
5.2 Porter’S Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Substitutes
5.2.3 Bargaining Power of Buyers
5.2.4 Bargaining Power of Suppliers
5.2.5 Intensity of Rivalry

6 Macro Economic Overview And Key Trends
6.1 Introduction
6.2 Trends And Forecast of Gdp
6.3 Per Capita Gdp Vs. Per Capita Composite Materials Demand
6.4 Trends of Automotive Industry

7 Automotive Composites Market, By Fiber Type
7.1 Introduction
7.2 Carbon Fiber Automotive Composites
7.3 Glass Fiber Automotive Composites
7.4 Other Fibers Automotive Composites

8 Automotive Composites Market, By Resin Type
8.1 Introduction
8.2 Thermoset Automotive Composites
8.2.1 Polyester Resin
8.2.2 Vinyl Ester Resin
8.2.3 Epoxy Resin
8.2.4 Others 61
8.3 Thermoplastic Automotive Composites
8.3.1 Polypropylene (Pp)
8.3.2 Polyamide (Pa)
8.3.3 Polyphenylene Sulfide (Pps)
8.3.4 Others

9 Automotive Composites Market, By Manufacturing Process
9.1 Introduction
9.2 Comparative Study of Major Automotive Composites Manufacturing Processes
9.3 Compression Molded Automotive Composites
9.4 Injection Molded Automotive Composites
9.5 Resin Transfer Molded Automotive Composites
9.6 Other Processes
9.6.1 Filament Winding Process
9.6.2 Continuous Process
9.6.3 Manual Process

10 Automotive Composites Market, By Application
10.1 Introduction
10.2 Exterior
10.3 Interior
10.4 Powertrain
10.5 Chassis

11 Automotive Composites Market, By Vehicle Type
11.1 Introduction
11.2 Non-Electric Vehicles
11.3 Electric Vehicles

12 Regional Analysis
12.1 Introduction
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 U.K.
12.2.4 Italy
12.2.5 Spain
12.2.6 Hungary
12.2.7 Belgium
12.2.8 Rest of Europe
12.3 North America
12.3.1 U.S.
12.3.2 Canada
12.4 Asia-Pacific
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 Latin America
12.5.1 Mexico
12.5.2 Brazil
12.5.3 Rest of Latin America
12.6 Middle East & Africa
12.6.1 South Africa
12.6.2 Uae
12.6.3 Rest of Middle East & Africa

13 Competitive Landscape
13.1 Market Share Analysis

14 Company Profiles
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, And New Product Launch)
14.1 Toray Industries, Inc.
14.2 Sgl Group
14.3 Solvay S.A.
14.4 Ufp Technologies, Inc.
14.5 Koninklijke Ten Cate B.V.
14.6 Gurit
14.7 Toho Tenax Co. Ltd.
14.8 Mitsubishi Chemical Corporation
14.9 Plasan Carbon Composites
14.10 Continental Structural Plastics Inc.
14.11 Other Key Players
14.11.1 Owens Corning
14.11.2 3B Fiberglass Company
14.11.3 Hexcel Corporation
14.11.4 Mubea Carbo Tech Gmbh
14.11.5 Quantum Composites
14.11.6 Gms Composites
14.11.7 Tpi Composites
14.11.8 Hanwha Azdel
14.11.9 Magna International Inc.
14.11.10 Mahindra Cie Automotive Ltd.
14.11.11 Aat Composites (Pty) Ltd.
14.11.12 Sabic (Saudi Arabia Basic Industries Corporation)
14.11.13 Creative Composites Ltd.
14.11.14 Nippon Sheet Glass Co. Ltd.
14.11.15 Formaplex
14.11.16 Idi Composite International
*Details Might Not Be Captured in Case of Unlisted Companies

15 Appendix
15.1 Insights from Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Subscription Portal
15.4 Introducing Rt: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Reports
15.7 Author Details

List of Tables:
Table 1 Trends And Forecast of Gdp, USD Billion (2016-2022)
Table 2 Per Capita Gdp Vs. Per Capita Composite Materials Demand, 2016
Table 3 Automotive Production, Million Units (2011-2016)
Table 4 Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 5 Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 6 Carbon Fiber Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 7 Carbon Fiber Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 8 Glass Fiber Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 9 Glass Fiber Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 10 Other Fibers Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 11 Other Fibers Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 12 Automotive Composites Market Size, By Resin Type, 2015-2022 (USD Million)
Table 13 Automotive Composites Market Size, By Resin Type, 2015-2022 (Kiloton)
Table 14 Automotive Thermoset Composites Market Size, By Region, 2015-2022 (USD Million)
Table 15 Automotive Thermoset Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 16 Thermoset Automotive Composites Market Size, By Resin Subtype, 2015-2022 (USD Million)
Table 17 Thermoset Automotive Composites Market Size, By Resin Subtype, 2015-2022 (Kiloton)
Table 18 Thermoplastic Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 19 Thermoplastic Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 20 Thermoplastic Automotive Composites Market Size, By Resin Subtype, 2015-2022 (USD Million)
Table 21 Thermoplastic Automotive Composites Market Size, By Resin Subtype, 2015-2022 (Kiloton)
Table 22 Automotive Composites Market Size, By Manufacturing Process, 2015-2022 (USD Million)
Table 23 Automotive Composites Market Size, By Manufacturing Process, 2015-2022 (Kiloton)
Table 24 Compression Molded Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 25 Compression Molded Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 26 Injection Molded Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 27 Injection Molded Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 28 Resin Transfer Molded Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 29 Resin Transfer Molded Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 30 Other Processes Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 31 Other Processes Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 32 Automotive Composites Market Size, By Application, 2015-2022 (USD Million)
Table 33 Automotive Composites Market Size, By Application, 2015-2022 (Kiloton)
Table 34 Automotive Composites Market Size in Exterior Application, By Fiber Type, 2015-2022 (USD Million)
Table 35 Automotive Composites Market Size in Exterior Application, By Fiber Type, 2015-2022 (Kiloton)
Table 36 Automotive Composites Market Size in Interior Application, By Fiber Type 2015-2022 (USD Million)
Table 37 Automotive Composites Market Size in Interior Application, By Fiber Type 2015-2022 (Kiloton)
Table 38 Automotive Composites Market Size in Powertrain Application, By Fiber Type 2015-2022 (USD Million)
Table 39 Automotive Composites Market Size in Powertrain Application, By Fiber Type 2015-2022 (Kiloton)
Table 40 Automotive Composites Market Size in Chassis Application, By Fiber Type, 2015-2022 (USD Million)
Table 41 Automotive Composites Market Size in Chassis Application, By Fiber Type 2015-2022 (Kiloton)
Table 42 Automotive Composites Market Size, By Vehicle Type, 2015-2022 (USD Million)
Table 43 Automotive Composites Market Size, By Vehicle Type, 2015-2022 (Kiloton)
Table 44 Automotive Composites Market Size, By Region, 2015-2022 (USD Million)
Table 45 Automotive Composites Market Size, By Region, 2015-2022 (Kiloton)
Table 46 Europe: Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 47 Europe: Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 48 Europe: Automotive Composites Market Size, By Country, 2015-2022 (USD Million)
Table 49 Europe: Automotive Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 50 North America: Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 51 North America: Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 52 North America: Automotive Composites Market Size, By Country, 2015-2022 (USD Million)
Table 53 North America: Automotive Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 54 Asia-Pacific: Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 55 Asia-Pacific: Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 56 Asia-Pacific: Automotive Composites Market Size, By Country, 2015-2022 (USD Million)
Table 57 Asia-Pacific: Automotive Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 58 Latin America: Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 59 Latin America: Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 60 Latin America: Automotive Composites Market Size, By Country, 2015-2022 (USD Million)
Table 61 Latin America: Automotive Composites Market Size, By Country, 2015-2022 (Kiloton)
Table 62 Middle East & Africa: Automotive Composites Market Size, By Fiber Type, 2015-2022 (USD Million)
Table 63 Middle East & Africa: Automotive Composites Market Size, By Fiber Type, 2015-2022 (Kiloton)
Table 64 Middle East & Africa: Automotive Composites Market Size, By Country, 2015-2022 (USD Million)
Table 65 Middle East & Africa: Automotive Composites Market Size, By Country, 2015-2022 (Kiloton)

List of Figures:
Figure 1 Automotive Composites: Market Segmentation
Figure 2 Automotive Composites Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Automotive Composites Market: Data Triangulation
Figure 6 Chassis to Be the Fastest-Growing Application During the Forecast Period
Figure 7 China to Be the Fastest-Growing Automotive Composites Market,  2017-2022
Figure 8 Glass Fiber Composites to Dominate Automotive Composites Market, (2017-2022)
Figure 9 Electric Vehicles to Be the Faster -Growing Vehicle Type in Automotive Composites Market Between 2017 And 2022
Figure 10 Europe to Dominate Automotive Composites Market During the Forecast Period
Figure 11 Increased Government Regulations On Environmentally-Friendly And Lightweight Vehicles to Drive Automotive Composites Market, 2017-2022
Figure 12 Chassis to Be the Fastest-Growing Application of Automotive Composites Market, 2017-2022
Figure 13 Glass Fiber Composites Dominated the Automotive Composites Market, in 2016
Figure 14 Polyester to Dominate the Thermoset Automotive Composites Market During Forecast Period
Figure 15 Resin Transfer Molding Process to Be the Fastest-Growing Segment During Forecast Period
Figure 16 China to Be the Fastest-Growing Market During Forecast Period
Figure 17 Drivers, Restraints, Opportunities, And Challenges of Automotive Composites Market
Figure 18 Porter’S Five Forces Analysis of Automotive Composites Market
Figure 19 Trends And Forecast of Gdp, USD Billion (2016)
Figure 20 Per Capita Gdp Vs. Per Capita Composite Materials Demand
Figure 21 Automotive Production in Key Countries, Million Units (2015 Vs. 2016)
Figure 22 Glass Fiber Composites to Dominate the Automotive Composites Market During the Forecast Period
Figure 23 Europe to Dominate the Automotive Glass Fiber Composites Market
Figure 24 Asia-Pacific to Grow at a Highest CAGR for the Thermoset Automotive Composites During the Forecast Period
Figure 25 Europe to Lead the Thermoplastic Automotive Composites Market
Figure 26 Resin Transfer Molded Automotive Composites to Witness High CAGR in the Market During Forecast Period
Figure 27 Europe to Dominate Rtm Process for Automotive Composites Market in Next Five Years
Figure 28 Carbon Fiber Composites Market to Witness Highest CAGR in Interior Application Between 2017 And 2022
Figure 29 Carbon Fiber to Dominate Automotive Composites Market in Chassis Application
Figure 30 Electric Vehicle Type to Register the Highest CAGR Between 2017 And 2022
Figure 31 Country Snapshot: China to Be the Fastest-Growing Automotive Composites Market
Figure 32 Europe Market Snapshot: Germany to Lead Automotive  Composites Market
Figure 33 North America Market Snapshot: U.S. to Lead Automotive Composites Market
Figure 34 Asia-Pacific Market Snapshot: China to Lead Automotive Composites Market
Figure 35 Market Share of Key Players, 2016
Figure 36 Toray Industries, Inc.: Company Snapshot
Figure 37 Sgl Group: Company Snapshot
Figure 38 Solvay S.A.: Company Snapshot
Figure 39 Ufp Technologies, Inc.: Company Snapshot
Figure 40 Koninklijke Ten Cate B.V.: Company Snapshot
Figure 41 Gurit: Company Snapshot

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  • 3B Fiberglass Company
  • AAT Composites (Pty) Ltd.
  • Continental Structural Plastics Inc.
  • Creative Composites Ltd.
  • Formaplex
  • GMS Composites
  • Gurit
  • Hanwha Azdel
  • Hexcel Corporation
  • IDI Composite International
  • Koninklijke Ten Cate B.V.
  • Magna International Inc.
  • Mahindra Cie Automotive Ltd.
  • Mitsubishi Chemical Corporation
  • Mubea Carbo Tech Gmbh
  • Nippon Sheet Glass Co. Ltd.
  • Owens Corning
  • Plasan Carbon Composites
  • Quantum Composites
  • Sabic (Saudi Arabia Basic Industries Corporation)
  • SGL Group
  • Solvay S.A.
  • Toho Tenax Co. Ltd.
  • Toray Industries, Inc.
  • TPI Composites
  • UFP Technologies, Inc.
Note: Product cover images may vary from those shown
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